How much does a $50,000 public adjuster surety bond cost in Tennessee?
Tennessee public adjuster bonds are issued instantly for $500. Simply click Buy Now to get your public adjuster bond directly through our site. Purchase online safely and securely and be on your way to becoming bonded as a public adjuster in Tennessee in a few minutes.
| Bond Type | Bond Amount | Cost | |
|---|---|---|---|
| $50,000 Public Adjuster Bond | $50,000 | $500 |
Why do I need this bond?
Public adjusters in Tennessee are required by the Department of Commerce and Insurance to post surety bonds in the amount of $50,000.
Tennessee public adjuster bonds hold the principal (public adjuster) fully accountable for distributing all funds received by insurance companies to the client entitled to them. If the principal violates any regulations or rules found in the Tennessee Code Annotated, Title 56, Chapter 6, the bond protects harmed parties from financial loss.
What’s the fine print?
Tennessee public adjuster surety bonds are continuous until canceled. The surety must give the state 30 days’ notice prior to canceling the bond.
How to become a public adjuster in Tennessee
No person can legally act as a public adjuster without first acquiring a license. Individuals applying for public adjuster licenses must meet the following requirements:
- Minimum 18 years of age
- Resident of Tennessee or eligible for a nonresident license
- Submit to fingerprint-based background check
- Pass public adjuster examination
- Submit $50,000 surety bond
- Pay $100 filing fee
- Proof of financial responsibility
- Proof of $500,000 errors and omissions policy
All applications must be sent to the Tennessee Department of Commerce and Insurance. A public adjuster’s license is valid for two years after the issuance date.
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Additional Resources
State of Tennessee Department of Commerce and Insurance Licensing Packet For Public Adjusters
Tennessee Public Acts of 2006, Chapter NO. 997 House Bill NO. 3676
Tennessee Code Title 56, Chapter 6, Part 9: Tennessee Public Adjuster Licensing Act of 2006
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